Tag: Financial markets

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Health

Premiums unveiled for health overhaul plans

Health and Human Services Secretary Kathleen Sebelius speaks during an event discussing the federal health care overhaul in Philadelphia. (AP Photo/Matt Rourke, File) by Ricardo Alonso-ZalvidarAssociated Press Writer WASHINGTON (AP) — With new health insurance markets launching next week, the Obama administration is unveiling premiums and plan choices for 36 states where the federal government is taking the lead to cover uninsured residents. Before tax credits that work like an upfront discount for most consumers, sticker-price premiums for a mid-range benchmark plan will average $328 a month nationally for an individual, comparable to payments for a new car.

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Health

Obamacare trade-off: low premium, high deductible

This April 30, 2013 file photo shows the short form for the new federal Affordable Care Act application in Washington. Getting covered through President Barack Obama’s health care law might feel like a combination of doing your taxes and making a big purchase that requires some research. You’ll need accurate income information for your household, plus some understanding of how health insurance works, so you can get the financial assistance you qualify for and pick a health plan that’s right for your needs. (AP Photo/J. David Ake) by Ricardo Alonso-ZaldivarAssociated Press Writer WASHINGTON (AP) — You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama’s overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

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National

Veteran N.C. Congressman Watt gets Federal Housing Finance Agency nod

President Barack Obama announces his nominee for the Federal Housing Finance Agency, Rep. Mel Watt, D-N.C., Wednesday, May 1, in the State Dining of the White House in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) —President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.

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Business

Bankruptcy expert named Detroit emergency manager

NEW EMERGENCY MANAGER–Michigan Gov. Rick Snyder announced March 14, that Kevyn Orr, a bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring, has been named Detroit’s emergency manager. (AP Photo/Courtesy Jones Day) by Corey Williams Associated Press Writer DETROIT (AP) — A bankruptcy expert who represented Chrysler during its successful restructuring has been chosen to steer Detroit out of the financial abyss that has swallowed the distressed city, which was once one of the nation’s most prosperous.